Common use of Effect of Termination for Cause Clause in Contracts

Effect of Termination for Cause. In the event of termination pursuant to this Section 6, the Term of Employment shall terminate and the Bank shall pay to the Employee an amount equal to the sum of (a) base salary or other compensation earned through the date of termination, plus (b) any other compensation or vested benefits as may be provided in accordance with the terms and provisions of any applicable plans and programs of the Bank. All other obligations of the Bank shall terminate as of the date of termination.

Effect of Termination for Cause. In the event of termination of Employee’s employment pursuant to this Section 6, the Term of Employment shall terminate end and the Bank shall pay to the Employee an amount equal to the sum of (a) base salary or other compensation earned through the date of terminationhis termination of employment, plus (b) any other compensation or vested benefits as may be provided in accordance with the terms and provisions of any applicable plans and programs of the Bank. All other obligations of the Bank shall terminate as of the date of terminationEmployee’s termination of employment.

Effect of Termination for Cause. In the event of termination of Employee’s employment pursuant to this Section 6, the Term of Employment shall terminate end and the Bank shall pay to the Employee an amount equal to the sum of (a) base salary or other compensation earned through the date of terminationher termination of employment, plus (b) any other compensation or vested benefits as may be provided in accordance with the terms and provisions of any applicable plans and programs of the Bank. All other obligations of the Bank shall terminate as of the date of terminationEmployee’s termination of employment.